Common use of Notice of Transaction Clause in Contracts

Notice of Transaction. Upon the Optionee identifying a third party which has indicated a desire to place an OEM order or enter into an alliance or partnership with the Company which may result in a Transaction, the Optionee shall notify the Company's President specifying the terms of the Transaction. Upon the request of the Company, the Optionee shall cooperate with the Company in seeking to consummate the Transaction.

Appears in 1 contract

Sources: Option Agreement (Nuwave Technologies Inc)

Notice of Transaction. Upon the Optionee --------------------- identifying a third party which has indicated a desire to place an OEM order or enter into an alliance or partnership with the Company which may result in a Transaction, the Optionee shall notify the Company's President specifying the terms of the Transaction. Upon the request of the Company, the Optionee shall cooperate with the Company in seeking to consummate the Transaction.

Appears in 1 contract

Sources: Option Agreement for Purchase of Common Stock (Nuwave Technologies Inc)